st7e19a india economy

Production growth in eight key industries slowed to 0.9 percent in October. (document)

New Delhi:

Output in eight infrastructure sectors rose 5.4 percent in November, compared with a 3.2 percent increase in the same month a year earlier, with coal, fertilizers, steel, cement and power sectors faring better, according to official data released today.

However, crude oil, natural gas and refined products showed negative growth in November this year. Production growth in eight key industries slowed to 0.9 percent in October.

The eight infrastructure sectors – coal, crude oil, natural gas, refined products, fertilizers, steel, cement and electricity – recorded growth of 8 percent between April and November this fiscal year, compared with 13.9 percent a year earlier.

Compared with a year ago, coal production in November 2022 increased by 12.3%, fertilizer by 6.4%, steel by 10.8%, cement by 28.6%, and electricity by 12.1%.

The core sector industry, which accounts for 40.27% of the total index of industrial production (IIP), will also have an impact on industrial production data.

November IIP data expected to be released by government in second week of January 2023

(Aside from the title, this story is unedited by NDTV staff and published via a syndicated feed.)

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